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20130114
20130114
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MSNBCW 3
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Search Results 0 to 2 of about 3
MSNBC
Jan 14, 2013 8:00am PST
to protect the economy. i personally believe the presidents that responsibility to protect the economy. and he can't mess around with these republicans who are threatening not to pay the bills of the country. we're not talking about spending. we're talking about paying bills that -- money that has already been spent that we're obligated to pay. there would be a ripple effect globally that would be insurmountable if we don't go down the road of paying the bills. i think the president has to draw the line there and be strong. he's got the people with him. that's the other thing. i think it's important that we focus on that. >> certainly political capital spent from getting re-elected to a second term. gregory, i want to show everybody the letter that ed mentioned that was sent to president obama on friday. in part saying, we believe you must be willing to take any lawful steps to ensure that america does not blake its promises and trigger a global economic crisis. without congressional approval, if necessary. basically recommending the 14th amendment. >> i think two important points here
MSNBC
Jan 14, 2013 12:00pm PST
debt ceiling. >> it would be a self inflicted wound on the economy, it would slow down our growth. might tip us in to recession. and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's already spent in less than four weeks. i have cousins that do that. they play to hold the debt ceiling hostage. aides say half the conference is ready to let the nation default. speaker boehner will school them on the real threat later this week. even a temporary extension for, say, two or three months could rattle the markets and threaten the nation's credit rating. last time they hashled out a debt deal? summer of 2011 and we ended up more than a trillion dollars in mand
MSNBC
Jan 14, 2013 3:00am PST
, it's critically important and timely. >> the greatest challenge the american economy has is the american congress. >> you know, it is. it really is, if you look at what's happening out there. and i've been saying this. and you guys have been saying it, too. because you go out and you talk to americans and they're discouraged by what's going on. and you say, wait a second. guys, we're in a century right now with the most technologically advanced country with the greatest universities, the greatest schools, we're going to win. >> that's right. >> even the chinese say america has eight out of the top ten universities on the planet. as you said, we've got energy. and you know this better than anybody else. there have been surveys. you ask chinese students what their biggest complaint about their education is, and they go, that our teachers don't teach us how to think like americans. >> that's right. >> they're crazy, those americans, and we want to have some of that. and you talk about -- you talk about this energy revolution, and americans need to hear this. >> it's right th
Search Results 0 to 2 of about 3